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20121201
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Search Results 0 to 9 of about 10 (some duplicates have been removed)
money" starts right now. >>> just days to go before america goes over a fiscal cliff. an outcomeloing more likely every hour. washington's willingness to take america to the brink threatens its prosperity. this is about the latest movement in the negotiation between the democrats and republicans comes down to useless symbolic moves and haggling between grown men. your elected officials are wasting time while the clock ticks. house speaker john boehner announced his plan b to let bush-era tax cuts expire for earners making more than $1 million a year and he wants to set automatic spending cuts with unspecified cuts elsewhere. the speaker pulled his so-called plan b for lack of support from his own party because many republicans still beholden to grover nor quest and the ridiculous pledge want no compromise at all. the debate between the two sides centers around a balanced approach the budget. republicans say president obama wants too much revenue. that's taxes in normal speak and not enough cuts. >> at some point we're going to have to address the spending problem that we have. we can'
to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> the headlines on friday looked greatment unemployment rate drops to 7.7%. 146,000 americans score new jobs but the headlines don't tell the whole story. christine romans has the breakdown of the big report and some of the numbers you need to know about. christine? >> let's go beyond the headlines and look deep inside the numberses at, say, the unemployment rate. the underemployment rate. 40% of people who are out of work have been out of work for six months or longer. underemployment still high. 14.4%. some people call it the real unemployment rate. it's almost double what the headline number is. another big problem. let's look at the sectors that are hiring. retail jobs, 53,000. those retailers are hiring up for the holiday season. many of the jobs are temporary. it's hard to send a kid to college on the job -- many of these retail jobs. there aren't always benefitses. some place there are benefit ifs you lo
coming up after 2:00 p.m. >>> one of the biggest gun retailers in america says it did a lot of soul searching after the newtown massacre. but in the end, customers wanted guns. >>> in the 3:00 hour, we'll take a closer look at how other countries view america's fascination with guns including japan where almost no one owns firearms. >>> and it's that time of the year when everyone gets sick. at 4:00 p.m., doctor sanjay gupta will explain how to avoid getting the flu. your money starts right now. >>> just days to go before america goes over a fiscal cliff. an outcome looking more likely every hour. washington's willingness to take america to the brink threatens its prosperity. i'm ali velshi. this is "your money." the latest negotiations comes down to useless symbolic moves and haggling between grown men. put bluntly, your elected officials are wasting time while the clock ticks. house speaker john boehner announced his plan b to let bush-era tax cuts expire for earners making more than a million dollars a year. and he wants to replace automatic cuts in defense spending set to start
him. norquist has clout. he is called the most powerful unelected man in america today. >> he signed a pledge, it's without congress. >> i'm not obligated on the pledge. >> republicans are jumping ship and supporting unspecified revenue hicks to cut the deficit and big business resigned to higher taxes. here is lloyd blankfine. >> we had to lift up the marginal rate. >> norquist's response? >> some of these people have had impure thoughts. no one pulled the trigger and voted for a tax increase. >> to be sure, norquist is still raking in big bucks. according to open secrets.org, he shelled out almost $14 million to defeat democratic opponents in this past election cycle. >> we've run ads to let people know who it taking the pledge and who doesn't. we'll do phones into letting people know who is taking the pledge. >> norquist's big backers are republican operatives, cross roads gps, the superpack led by kingpin karl rove and the center to protect patient rights. closely tied to the ultra conservative cook brothers. they account for a majority of the budget and there's no sign that they
the fiscal cliff and america's debt are pushing some seen here to renounce the pledge. i've been highlighting members of congress who have recently said they're getting over grover. one, tom cole, says he is not bound anymore. representative cole, you wrote allowing taxes to rise for the top bracket may seem acceptable by comparison, but this path would be enormously damaging for the economy. which meant you weren't going to do it. now, you've been urging your fellow congressmen to at least extend the bush era tax cuts to those making less than $250,000 and then do battle over tax cuts for the wealthy later. what has changed your mind? >> frankly, nothing, and you've mischaracterized my position. i'm not for raising tax rates on anybody. it's going to slow down, hurt rates. that's my position. not just because i signed a pledge, because that's what i believe. what i have said is we agree with the president that taxes on 98% of the american people shouldn't go up. that's his position. that's our position. why not just take that off the table right now? it's 80% of the bush tax cut. we could ma
in washington as america moves dangerously close to a fiscal cliff. >> we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> alas, this is how we do things now, create economic storms then look to provide an umbrella at the last possible second. we avert disaster but move no closer to solving our long-term economic problems. after a moment of spiritual clarity on friday afternoon, harry reid is working on a bipartisan deal ostensibly with his republican adversary mitch mcconnell. >> -- engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> well, if the senate manages to reach a compromise, the hope is that the house would follow. that's option one. the green one. option two is less certain. president obama reportedly challenged congressional leaders from both parties on friday to come up
the blame if america goes over the cliff? >> they should all get the blame. polls show that republican obstruction would get the brunt in the near term. the problem is this isn't just a political problem. this is an economic problem. the combined pack could take the economy and put it back in recession. this is no joke. it's not just that all americans' taxes would go up overnight. the real absurdity. both parties and the president are in agreement on 98% of the taxes. they're in agreement that 98% of americans should not see their taxes raised. the debate is over 2%. and additional things like extending unemployment insurance. the question is what kind of a concrete proposal. we should be able to come together as a base line. as a foundation for deal with the really difficult stuff going forward. the debt ceiling out there. we know we're going to need a larger plan, but it's not going to get done in the next 36 hours. >> any hopes of that happening are over at least for now. john ofavalon, thanks very much. jessica yellin has new information about communication between the white house
, you will hear his powerful words, next. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> the lives of so many families in newtown have been ripped apart. and will never, ever be the same again. no one can ever think or imagine of sending a child off to school whether they're excited or crying to leave you. not seeing that child ever again. as keung law, one family is speaking out about how he and his family are trying to find peace now. >> i don't know how to get through something like this. my wife and i don't understand how to process all of this. >> how can you, asks robbie parker, when you lose your 6-year-old daughter. emilie, his bright light. artist with crayons, elder sister to a 3-year-old and 4-year-old. >> she was the type of person that could just light up a room. she -- she always had something kind to say abo
Search Results 0 to 9 of about 10 (some duplicates have been removed)